Strength Seen in Carvana (CVNA): Can Its 6.6% Jump Turn into More Strength?

Carvana (CVNA) shares soared 6.6% in the last trading session to close at $188.85. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.5% loss over the past four weeks.Carvana's stock jumped after it reinstated an agreement to sell $4 billion worth of used-car loan receivables to Ally Financial. This yearlong deal follows claims by short-seller Hindenburg Research that Ally was distancing itself from its partnership with the onlin ...